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Updated about 4 years ago on . Most recent reply
Master lease offer with agent
Wanted to get some input from the BP community regarding how one might approach submitting an LOI for a Master Lease Agreement as opposed to buying a property with an agent.
Since agents make a commission on the sale, I don't see why an agent would be motivated speak with their client about this (regardless of if they have a fiduciary obligation). While this offer may not be favorable for the agent, it is quite good for the owner.
(I should mention that a dual-agency agreement has been signed between the seller, agent and myself)
Perhaps I'm imagining a worse case scenario, but I can't help but think an agent would have a bad-attitude towards this kind of offer since it would affect their commission. Instead of discussing the good & bad with the seller, they instead may just put a strong emphasis on the negative in hopes the offer is rejected.
A better question may be, how could one structure such an offer so that the agent is likely to go in with a positive attitude (despite the offer being for the seller) .
Any and all suggestions are appreciated!